Report: Michigan 12th in private equity, growth capital investments

Michigan ranks 12th in the nation in the amount of private equity and growth capital invested in state companies in 2012, according to a report released by the Washington, D.C.-based Private Equity Growth Capital Council.

There was $9.6 billion invested in 50 Michigan companies last year. The number of deals ranked 13th.

Texas was No. 1 for the amount invested, $46.6 billion compared to the $35 billion invested in California. California had the most deals, 255, compared to 222 for Texas.

Illinois was the top state in the Midwest, its $19.1 billion invested ranking fourth behind $26.8 billion for Colorado; it ranked third in the number of deals, 119.